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20120930
20121008
Search Results 0 to 9 of about 10 (some duplicates have been removed)
on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in spain, unemployment among young people is 50%. mark phillips went to barcelona to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to where they dump the trash and you get a different impression. in spain these days, one person's gar
.8% in september. that is down three tenths of a point from august. the economy created 114,000 jobs and the labor department revised upward the job creation numbers for the previous two months. it now says 181,000 jobs were created in july and 142,000 in august. a total of 86,000 more than first reported. we asked anthony mason to tell us what's behind these improved numbers. >> reporter: in circle pines, minnesota, where dell corps systems makes food package magazines, c.e.o. dale anderson has 160 employees. >> i think the economy has really -- it's picking up. >> reporter: ryan is one of these new workers. after leaving his job in construction, he retrained to become a machinist. >> i chose manufacturing for the reasons that, you know, it's not -- doesn't seem as affected by small swings in the economy. >> reporter: dell corps tripled its research and development budget during the recession. it's paid off. anderson is building this new plant. >> that's the reason we're moving and we have plans to continue hiring. >> reporter: nationally the economy has added an average of more than $145,000 job
are concerned that a tax increase of that size could shock the economy and trigger a recession by reducing the cash that taxpayers have to spend. but scott, congress and the president now have a firm price tag on what it costs if they don't reach a budget deal after the election. >> pelley: wyatt, thank you, the u.s. economy is also being hurt by what's happening far beyond washington, all the way across the atlantic. senior business correspondent anthony mason has more on that. >> reporter: in spain this weekend, police clashed with protesters angry over austerity measures the government's been forced to implement. a quarter of the work force in spain can't find jobs and the unemployment rate in the 17-nation euro zone has now hit a record high-- 11.4%. for three straight quarters, the european economy has been shrinking and federal reserve chairman ben bernanke said today america is feeling the impact. >> it has been a problem for the u.s. economy. we have seen head winds coming from slowing trade. >> reporter: if you combine imports and exports, the european union is our biggest trading
what's at stake in this election. but i think the economy is still going to have a lot of bearing on it. overall, though, what i think is going to matter most to people is who do they think is going to be a strong and effective advocate on behalf of their hopes and their dreams? >> pelley: you could get asked any question under the sun at the debates. how do you prepare for that? >> well, the nice thing about having been president is i've been dealing with just about every issue for the last four years. so a lot of preparation for me is just trying to get back into game shape, as they say. hopefully what i'm going to be able to do is just present my case as effectively as i can. but governor romney has shown himself to be a very good debater and we take it very seriously. >> pelley: do you think the debates are make or break for you? >> i think they could decide the election for either one of us. look, we're basically in a tie, the president and i are. he's been president for four years, has outspent me massively in this campaign and yet he's still at a tie. and so the debates could wel
down by $4,300. this is a-- this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> reporter: campaign aides say he will continue to hit obama hard on the economy and jobs. and will offer more specifics which they've been promising for some time. he is also ramping up spending on television after being outspent by the president more than two to one in swing states and this morning released a new ad reinforcing his message in the debate. >> who will raise taxes on the middle class? according to an independent, nonpartisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. >> reporter: now, after the debate, his key advisers, eymney's key advisers, said they thre surprised the president didn't put up more of a fight. one told me they were ready for some of these attacks on bain capital. romney's comment about the 47% of americans who don't pay federal income taxes. raose have featured prominently in the president's attack ads. last night, scott, he didn't mention either one. >> pelley: jan, thank you. ace president joe bid
Search Results 0 to 9 of about 10 (some duplicates have been removed)